THE Commission on Audit (COA) has called the attention of the Metropolitan Cebu Water District (MCWD) over its excessive payment of overtime pay to its employees that not only exceeded the water district’s approved budget but also exceeded payment ceilings set by the Civil Service Commission (CSC) and the Department of Budget and Management (DBM)In […]
Tag: payment
PESONet, InstaPay now ‘prominently important’
THE CENTRAL BANK on Thursday said fund transfer services PESONet and InstaPay have been designated as Prominently Important Payment Systems. — PONGSAWAT PASOM-UNSPLASH THE BANGKO SENTRAL ng Pilipinas (BSP) approved the designation of major electronic fund transfer services PESONet and InstaPay as Prominently Important Payment Systems (PIPS) to promote consumer welfare amid the central bank’s […]
SEC expands online payment system
THE Securities and Exchange Commission (SEC) said on Thursday that it has added new options for its online payment system. The commission said that this would make payments for registration and transaction fees “faster and more convenient for the public.” GCash payment wallets can now be used to settle registration and transaction fees and penalties […]
SEC’s online payment system now accepts GCash
THE Securities and Exchange Commission (SEC) continues to add new options for its online payment system, making payment for registration and transactions fees faster and more convenient for the public.Clients can now use their GCash payment wallets to settle registration and other transaction fees, as well as penalties with the commission, through the Electronic System […]
Tax court denies OceanaGold’s appeal to review liabilities
THE Court of Tax Appeals (CTA) has declined the appeal of OceanaGold (Philippines), Inc. to review its erroneously paid excise tax worth P136.4 million for the period covering June to December 2014. In a 27-page decision on May 31, the CTA full court affirmed its ruling in 2020, as it said the mining company was […]
LANDBANK cuts Link.BizPortal payment fees to P7 from P15
LAND BANK of the Philippines (LANDBANK) reduced Link.BizPortal transaction fees to provide more accessible services and meet the growing digital needs of its customers. “We continue to encourage our customers to make cashless payments in a convenient, safe and cost-effective manner. The lowered LinkBiz transaction rates form part of LANDBANK’s contribution towards building a cash-lite […]
BSP proposes rules on operation of real-time gross settlement payment system
THE CENTRAL BANK is proposing rules for the operation of the Peso Real-Time Gross Settlement Payment System (RTGS PS), based on a draft circular on its website. The draft rules are in accordance with Republic Act No. 11127 or the National Payment Systems Act, which allows the Bangko Sentral ng Pilipinas (BSP) to own and […]
XanPay Payment Gateway Accelerates AsiaVape’s Local Payments Strategy into Asian Markets
HONG KONG, April 12, 2022 – (SEAPRWire) – XanPay is proud to announce AsiaVape has partnered with them to enable Alternative Payment Methods (APMs) for its consumers across Asia; simplifying cross-border payment acceptance, enabling them to access nearly a billion consumers who use these APMs. In Southeast Asia, where most of AsiaVape’s customer’s reside, alternative payment methods are […]
Suzuki extends ‘Triple Deal’ on XL7, Dzire and Carry
SUZUKI PHILIPPINES, INC. (SPH) recently announced the extension of its “Triple Deal” promo to April 30. The campaign offers low down payment plans and cash discounts on the XL7, Dzire, and all Carry variants — available at all 72 Suzuki dealers nationwide. The three-row XL7 can be acquired with a down payment of P120,000 and/or […]
Nearly 3 in 4 encountered at least one cyber threat via e-payments
By Brontë H. Lacsamana, Reporter ALMOST THREE in four people in Southeast Asia (SEA) encountered at least one type of threat associated with digital payment technology, according to a recent study by internet security firm Kaspersky. Titled “Mapping a secure path for the future of digital payments in APAC,” the 2021 study found that 72% […]
Foreign exchange transfer systems designated as systematically important
THE MONETARY BOARD approved the designation of the Philippine Domestic Dollar Transfer System (PDDTS) and the Philippine Peso – US Dollar Payment versus Payment System (PvP) as systematically important payment systems (SIPS), the central bank said in a statement on Monday. These systems will be subjected to tighter supervisory rules of the Bangko Sentral ng […]
SSS extends contribution payment deadline for selected months in 2021 in Odette-hit areas
THE Social Security System (SSS) has announced that the contribution payment deadline for selected months in 2021 is extended until Feb. 28, 2022, in areas declared under state of…
Tax Notes: Tax filing, payment deadlines extended for 30 calendar days for taxpayers in areas under Alert Level 3 or higher; out-of-district filing allowed
The Bureau of Internal Revenue (BIR) issued Revenue Regulation (RR) 1-2022, which extends statutory deadlines for taxpayers within the jurisdiction of BIR Revenue Regions (RRs) and…
XanPay Partners with SWAG to Launch New Alternative Payment Methods
Strong Growth of the Online Entertainment Space HONG KONG, February 9, 2022 – (SEAPRWire) – Recently, XanPay announced a partnership with SWAG, a leading online entertainment interactive brand, to launch new alternative payment methods. Online entertainment experienced exponential growth during the pandemic. According to a related report, the worldwide traffic of online entertainment has grown substantially during […]
Yeahka ranks No. 1 in the non-bank independent QR code payment service market in China
HONG KONG, Jan 21, 2022 – (ACN Newswire via SEAPRWire.com) – According to the “Thematic analysis on industrial payment in China in 2021” report recently published by the Chinese consulting firm Analysys, Yeahka Limited (“Yeahka” or the “Company”) (09923.HK) ranks first in China’s non-bank independent QR code payment service market, in terms of its all-round […]
XanPay Announces Partnership with Elitedias Game Platform on New Payment Options across Southeast Asia
– Elitedias leveled up, offering new payment options catered to local preferences – The game top-up company expanded to 3 countries – Malaysia, Indonesia, Australia – Homegrown users has grown 5x within 3 months of integration HONG KONG – January 2022 – Elitedias, the Singapore-based game credits top-up platform launches new payment options with XanPay across Southeast […]
Shell makes first payment on import tax due under protest
PILIPINAS SHELL Petroleum Corp. (PSPC) made a first payment to the Bureau of Customs (BoC) of P1.7 billion under protest to cover disputed alkylate import taxes levied against it, the Department of Finance said. “BoC received P1.7 billion from Shell Phils. Balance due on Jan. 10,” Finance Secretary Carlos G. Dominguez III said in a […]
Rebirth of Digitalization: A booster for taxpayers and the government
Christmas commemorates the birth of Jesus and is observed every Dec. 25. A few days more, and we will be officially celebrating the holiday most associated with giving. And despite the COVID-19 pandemic, it looks like the long-awaited recovery is taking hold. Many changes have transpired since COVID-19 upended our lives. The vaccination campaign has […]
KPay serves more than 8,000 merchants in its first year of business
HONG KONG, Dec 16, 2021 – (ACN Newswire via SEAPRWire.com) – Established in Hong Kong at the end of 2020, fintech start-up KPay has broken the industry record among local comprehensive payment solution service providers in just one year by providing more than 8,000 local small and medium merchants with comprehensive and advanced offline payment […]
JCB and Keychain Implement Offline Payments using NFC
TOKYO, Dec 15, 2021 – (JCN Newswire via SEAPRWire.com) – JCB Co., Ltd. Japan’s only international payment brand (Head Office: Tokyo, Japan) and Keychain GK (Head Office: Singapore) implement offline payments using near-field communication (NFC), self-sovereign identity, and blockchain technology. Figure 1. Offline Payment Concept With the spread of 5G and the development of Internet […]